Intercontinental Hotels : Chair Letter

Broadwater Park Denham Buckinghamshire UB9 5HR United Kingdom

www.ihgplc.com

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION*

March 2022

Dear Shareholder

InterContinental Hotels Group PLC ('IHG' or the 'Company') Annual General Meeting 2022

I am pleased to enclose the Notice of this year's Annual General Meeting (AGM). The AGM will be held at 11.30 am on Friday 6 May 2022, at InterContinental London Park Lane, One Hamilton Place, Park Lane, London W1J 7QY.

The Board is pleased to be able to welcome shareholders in person to our AGM this year, given the restrictions we faced in 2020 and 2021 due to the pandemic.

We remain conscious, however, that the pandemic situation continues to evolve. Accordingly, shareholders should note that we may need to put special measures in place for this year's AGM, which may include measures to deny shareholders' access to the meeting if this is mandated or considered necessary given the circumstances at the time. Before seeking to attend the AGM in person, we therefore encourage all shareholders to consult relevant Government guidelines and our corporate website (www.ihgplc.com), which we will use to update shareholders. There will be a limited offering of refreshments at the AGM.

As we recognise that the ability of some shareholders to attend the AGM in person may continue to be constrained, we have arranged for a live webcast facility to be put in place which will enable shareholders to join the AGM. As with last year's AGM, the webcast will be facilitated by Lumi, an experienced provider of virtual shareholder meeting services. To view the webcast, shareholders can access the AGM website,https://web.lumiagm.com/168-056-633 or download the Lumi AGM app.

Further details of how to participate are set out below and a user guide is included as the Appendix to the enclosed Notice of AGM.

Your vote is important to us. The live webcast will not include a voting facility, so we strongly encourage you to vote in advance by appointing the Chair of the meeting as your proxy. Please complete, sign and return the enclosed Form of Proxy to our Registrar, Equiniti. Alternatively, you can register your vote in advance electronically atwww.sharevote.co.uk. You will need the Voting ID, Task ID and Shareholder Reference Number shown on your Form of Proxy. The results of the voting will be published on our website as soon as practicable after the AGM.

We also recognise the importance of being able to answer your questions. If you are not able to attend the meeting in person and you have any questions relating to the business of the meeting which you would like to have considered, these can be submitted in advance to the Company by email [e-mail], including your Shareholder Reference Number (shown on your Form of Proxy). We request that questions be submitted by 5pm on Tuesday 3 May 2022.

If you are unable to join the webcast, a recording of the meeting will be available shortly after the AGM concludes on our websitewww.ihgplc.com.

The Notice of AGM, together with the enclosed Form of Proxy, set out the resolutions to be put to the AGM and information about the business of the AGM. Explanatory notes on the business to be considered at the AGM appear on pages 5 and 6 of the Notice of AGM.

In addition to the standard items of business, I would like to highlight the following:

1. Final Dividend

I am pleased to confirm that the Board is recommending the reinstatement of a dividend. The recommended final dividend for 2021 is 85.9 cents per ordinary share. Subject to shareholder approval at the AGM, the final dividend will be paid on 17 May 2022 to shareholders on the register at the close of business on 1 April 2022. The sterling amount of the final dividend will be announced on 27 April 2022, calculated based on the average of the market exchange rates for the three working days commencing 22 April 2022.

2. The Board

We announced in January 2022 that I will retire as Non-Executive Chair of the Board with effect from 31 August 2022. Accordingly, I am seeking re-election at the AGM, however solely in respect of the period from the AGM until my retirement from the Board. We also announced that Deanna Oppenheimer will be appointed as Non-Executive Director and Chair Designate from 1 June 2022, to succeed me as Chair of the Board from 1 September 2022. As Deanna's appointment will not take effect until 1 June 2022, she will seek election at the AGM in 2023.

All other Directors will offer themselves for re-election at the AGM.

Recommendation

The Directors believe that the adoption of all the resolutions set out in the Notice of AGM is in the best interests of IHG and its shareholders as a whole. Accordingly, the Directors unanimously recommend that you vote in favour of the resolutions, as each Director intends to in respect of his or her own beneficial holdings.

Finally, if there are any changes to the information set out in this letter, we will release stock exchange announcements as required and we will also provide updates as relevant on our corporate website atwww.ihgplc.com.

I look forward to having the opportunity to meet as many of you as possible at the AGM.

Yours faithfully

Patrick Cescau Chair

Accessing the AGM Website

Lumi AGM can be accessed online using most well-known internet browsers such as Edge, Chrome, Firefox and Safari on a PC, laptop or internet-enabled device such as a tablet or smartphone. If you wish to access the AGM using this method, please go tohttps://web.lumiagm.com/168-056-633 on the day.

Logging In

On accessing the AGM website, you may be asked to enter a Meeting ID which is 168-056-633

You will then be prompted to enter your unique Shareholder Reference Number (SRN) and PIN which is the first two and last two digits of your SRN. These can be found printed on your Form of Proxy. Access to the meeting via the website will be available from 10:30am on Friday, 6 May 2022.

Broadcast

The meeting will be broadcast with presentation slides. Once logged in, and at the commencement of the meeting, you will be able to listen to the proceeding of the meeting on your device, as well as being able to see the slides of the meeting which will include the resolutions to be put forward to the meeting, these slides will progress automatically as the meeting progresses.

Questions

There will be no live facility for shareholders attending electronically to ask questions during the AGM. Shareholders who are not able to attend the meeting in person and who have any questions relating to the business of the AGM are able to submit them in advance to the Company by email [e-mail], including your SRN (shown on your Form of Proxy). It is requested that questions be submitted by 5pm on Tuesday 3 May 2022.

Requirements

An active internet connection is required at all times in order to allow you to listen to the audiocast. It is the user's responsibility to ensure you remain connected for the duration of the meeting.

Duly appointed proxies and corporate representatives

To receive your unique SRN and PIN, please contact the Company's Registrar, Equiniti, by emailing:[e-mail]. To avoid any delays accessing the meeting, contact should be made at least 24 hours prior to the meeting date and time.

Mailboxes are monitored 9.00am to 5.00pm Monday to Friday (excluding public holidays in England & Wales).

Additional information

If at any time you want to change the way you receive shareholder documents or have any queries regarding this letter, please contact our Registrar at the following address:

Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA

Telephone: [phone]a (UK calls)

[phone] (non-UK calls)

0371 384 2255a (textphoneb for UK calls)

[phone] (textphoneb for non-UK calls)

* If you are in any doubt as to what action you should take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser authorised under the Financial Services and Markets Act 2000 as soon as possible.

If you have sold or transferred all your shares in InterContinental Hotels Group PLC, please pass this letter and the accompanying documents to the stockbroker, bank or other agent through whom you made the sale or transfer for forwarding on to the purchaser or transferee.

This notification is not a summary of the business to be transacted at the AGM and should not be regarded as a substitute for reading the Notice of AGM in full before taking a decision.

• a Lines are open 8.30am - 5.30pm Monday to Friday, excluding public holidays in England and Wales.

• b Callers must have compatible equipment.